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Fonterra makes China buy-in bid

China - Dairy giant Fonterra has submitted its bid for a stake in a Chinese-based company, as part of a $615 million deal that will give it a direct line to China's lucrative infant-formula market. Fonterra and Beingmate Baby & Child announced in August they were forming a global supply chain from the farm gate directly to Chinese consumers..Read more

Fonterra aims to raise milk prices by issuing supply reduction news

New Zealand's Fonterra Co-operative Group announced Jan. 29 that it plans to reduce the quantity of milk it will offer for the 2014-15 season as the country is teetering on the edge of a drought. A Chinese expert said the move could be deemed as an attempt by the company to boost consumer interest and raise prices of raw milk..Read more

New Zealand -Here's my summary of key issues that affect New Zealand overnight with news of another small rise in dairy prices. The overnight Fonterra auction saw prices rise +1% although the important wholemilk powder price was up +3.8%. At the same time the NZ dollar fell a bit more than half a cent so that means that..Read more

UPDATE 2-NZ's Fonterra cuts dairy payout, sees slower Chinese demand

New Zealand - WELLINGTON, Dec 10 (Reuters) - New Zealand's Fonterra dairy co-operative cut the price it expects to pay farmers for milk to an eight-year low on Wednesday, responding to tumbling global dairy prices as production soars and buying from China and Russia falls..Read more

Global milk price at 8-year low

New Zealand - New Zealand’s Fonterra dairy co-operative cut the price it expects to pay farmers for milk to an eight-year low today, responding to tumbling global dairy prices as production soars and buying from China and Russia falls. The world’s largest dairy exporter said it expected Chinese demand to rise..Read more